Socially Responsible Equity Fund

JAMES DONDERO, CFA
Co-Founder,
President

Bio »

MIKE HURLEY, CMT
Chief Market Strategist

Bio »

Effective July 16, 2019, the Highland Premier Growth Equity Fund is named the Highland Socially Responsible Equity Fund.

 

Fund Overview

Investment Objective

The Socially Responsible Equity Fund seeks long-term growth by investing in the equities of 30 to 40 large and medium-sized companies in which there is high conviction in those companies potential to generate above-average growth.

Access to Institutionally Managed Growth Equity Platform
  • Invests primarily in large and medium-sized companies with above-average growth histories and/or growth potential
  • Portfolio represents best 30-40 growth equity investments
  • Bottom-up stock selection with long-term investment horizon
  • Focused portfolio of high-quality large and midcap stocks
  • Sector allocation is a function of both bottom’s up and top-down analysis: benchmark awareness, not dependence
Fund NAV (As of Dec 06, 2019)
SYMBOLNAV
HPEAX (Class A)$15.48
HPECX (Class C)$7.08
HPEYX (Class Y)$17.16
Fund AUM (As of Dec 06, 2019)
AUM
Total Net Assets$82.25 M
VIEW FULL PERFORMANCE
Class AClass CClass Y
SymbolHPEAXHPECXHPEYX
Inception12/31/9609/30/9912/31/96
Gross Expense Ratio1.30%2.06%1.05%
Net Expense Ratio11.30%2.06%1.05%

Historical Returns & NAV

As of 12/06/2019Class AClass CClass Y
Net Asset Value (NAV)$15.48$7.08$17.16
Daily NAV Change ($)$0.13$0.06$0.15
Daily NAV Change (%)0.85%0.86%0.88%
As of 11/30/2019 MonthlyQuarterlyClass AClass A (w/sales charge)Class CClass C (w/sales charge)Class Y
One Year2.23%-3.66%1.38%0.98%2.49%
Three Year6.39%4.31%5.58%5.58%6.66%
Five Year5.06%3.82%4.27%4.27%5.32%
Ten Year10.64%9.98%9.81%9.81%10.92%
Since Inception7.97%7.69%4.84%4.84%8.24%



View all Literature & Forms

The performance data quoted here represents past performance and is no guarantee of future results. Investment returns and principal value will fluctuate so that an investor’s shares when redeemed may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted.

Please consider the investment objectives, risks, charges and expenses of Highland Funds carefully before investing. A prospectus with this and other information about Highland's mutual funds can be found on the Literature tab above. You may also obtain a prospectus for our mutual funds by calling 877-665-1287. Please read the prospectus carefully before investing.

1. No waivers or reimbursements have been set by the adviser.

*The maximum sales charge for Class A shares is 5.75%.

Securities Market Risk. The value of the securities may go up or down, sometimes rapidly or unpredictably, due to factors affecting particular companies or the securities market generally. A general downturn in the securities market may cause multiple asset classes to decline in value simultaneously, although equity securities generally have greater price volatility than fixed income securities.

Small-Cap Company Risk. The risk that investing in the securities of small-cap companies may pose a greater market and liquidity risks than larger, more established companies, because of limited product lines and/or operating history, limited financial resources, limited trading markets, and the potential lack of management depth. In addition, the securities of such companies are typically more volatile than securities of larger capitalization companies.

Allocation Risk. The risk that Highland may not allocate assets of the Fund among investment management styles in an optimal manner, if among other reasons, it does not correctly assess the attractiveness of an investment style.

Foreign Investment Risk. The risk that investing in foreign (non-U.S.) securities may result in the Fund experiencing more rapid and extreme changes in value than a fund that invests exclusively in securities of U.S. companies, due to smaller markets, differing reporting, accounting and auditing standards, nationalization, expropriation or confiscatory taxation, currency blockages and political changes of diplomatic developments. The cost of investing in many foreign markets are higher than the U.S. and investments may be less liquid.

Currency Risk. The risk that the values of foreign investments may be affected by changes in the currency rates or exchange control regulations. If a foreign currency weakens against the U.S. dollar, the value of a foreign investment denominated in that currency would also decline in dollar terms.

Credit Risk. The risk that the Fund could lose money if the issuer or guarantor of a fixed income security, or the counterparty of a derivatives contract or repurchase agreement, is unable or unwilling (or is perceived to be unable or unwilling) to make a timely payment of principal and/or interest, or to otherwise honor its obligations.

Interest Rate Risk. The risk that fixed income securities will decline in value because of changes in interest rates. A fund with a longer average portfolio duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration.

Derivatives Risk. The risk that an investment in derivatives may not correlate completely to the performance of underlying securities and may be volatile, and may result in a loss greater than the principal amount invested. Equity derivatives may also be subject to liquidity risk as well as the risk the derivative may be different than what would be produced through the use of another methodology or if it had been priced using market quotations.

Socially Responsible Investment/ESG Risk. The risk that, because the Fund invests primarily in companies which are constituents of social indices or are included in the Corporate Responsibility Magazine’s List of 100 Best Corporate Citizens and excludes securities of certain issuers for non-investment reasons, the Fund may underperform the broader equity market or other funds that do not utilize socially responsible, ESG, or sustainability criteria when selecting investments.

Value Investing Risk. The risk of investing in undervalued stocks that may not realize their perceived value for extended periods of time or may never realize their perceived value. Value stocks may respond differently to market and other developments than other types of stocks. Value-oriented funds will typically underperform when growth investing is in favor.

Glossary: Click for important terms and definitions

Source: State Street Bank and Trust Company

Highland Funds’ mutual funds are distributed by NexPoint Securities, Inc., Member FINRA/SIPC